2340 Shelby Street, Indianapolis, IN 46203
  • $210,000
  • $225,000

Description

Endless potential awaits with this MU-2 zoned property, ideally located just off Shelby Street. This high-visibility site benefits from strong drive-by traffic and is just minutes from Fountain Square and steps from Garfield Park. Included in the sale are two parcels, one a paved lot, and the other an improved building offering a total of 3,370 square feet. The property offers flexibility for a variety of uses: it could be reconfigured into three smaller residential units, used as a commercial office, or serve as a live/work space for a cafe owner, attorney, or small real estate brokerage looking to build equity while operating on-site. The basement also provides potential for a laundry room or additional storage. With its versatile zoning, strong location, and solid structure, this property presents a unique opportunity for redevelopment or creative business use in one of Indianapolis’s most active corridors.

  • Address: 2340 Shelby Street
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46203

Details

Updated on March 13, 2026 at 9:19 pm
  • Property ID 22053499
  • Price $210,000
  • Property Size 3370 Sqft
  • Land Area 0.11 Acres
  • Garage Size x x
  • Year Built 1927
  • Property Type Mixed Use, Commercial Sale
  • Property Status Active

Additional details

  • Utilities Electricity Connected
  • County Marion
  • Property Type Commercial Sale
  • Parking Asphalt

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Contact Information

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Preeti Chaggar

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